Senate Fails to Pass $2T Stimulus Package

This really shouldn’t be difficult, but unfortunately this is the reality we live in. Senate Democrats argue that the current $2T Stimulus Bill contains a $500B lending program aka “slush fund” the Treasury Dept controls and will allow them to select who will receive the the funds. Senate Minority leader Chuck Schumer and other Democrats maintain that the package should be more heavily favored for the people, and restrictions for how companies will use the money.

Republicans on the other have accused the Democrats of playing politics, and not having the urgency needed to help Americans out of work due to COVID-19 pushing Mayors/Governors to lock down cities and states.

So who is right?

I don’t know, but lets re-visit the not too distant past for some insight. Look back to late 2008 during the financial crisis, the last stimulus package that bailed out the automobile industry and big banks (TARP). While the bailout was praised for saving the auto industry and stabilizing the banks, the major criticism of the bailouts was that it was not felt by the people. President Obama himself admitted that not enough was done to help Americans directly who were had underwater mortgages.

With that said, is there some kind of rule against splitting this stimulus up into 2 parts? One for the people and one for the large and small businesses. I think everyone can agree on sending Americans money, either $1200 or $2000. That can be ironed out, so why not come to an agreement on a stimulus for the people first instead of trying to package a huge bill that includes a stimulus for business?

If you quickly get something out for the people and then separately tackle a stimulus for the businesses. You can provide the people will relief while taking the time necessary to put together a business stimulus package that restricts how the money is used (buybacks or paying bonuses to execs).

As always…

there is something to be said, “It’s On Broadway” to step up and say it!!

Senate Republican's Stimulus Bill Not Doing Enough for the Poor

When everyone can agree, with COVID-19 shutting down cities in the United States and countries in Europe. A stimulus to get the people thru these tough times is necessary, unfortunately Republican Senator Mitch McConnell sent a stimulus package that doesn’t really help the most needy.

The legislation would provide checks of $1,200 per adult for many families, as well as $500 for every child in those families. Families filing jointly would receive up to $2,400 for the adults. The size of the checks would diminish for those earning more than $75,000 and phase out completely for those earning more than $99,000. The poorest families, those with no federal income tax liability, would see smaller benefits, though the minimum would be set at $600.

Washington Post

Limiting the payment amount for those without federal tax liability was a change from the original White House proposal, and caught some Republicans off-guard, provoking criticism. Sen. Josh Hawley (R-Mo.) tweeted: “Relief to families in this emergency shouldn’t be regressive. Lower income families shouldn’t be penalized.”

Washington Post

An early analysis showed the vast majority of middle class people would receive the cash payment, but the percentage doing so falls dramatically toward the bottom of the income distribution. About 22 million people earning under $40,000 a year would see no benefit under the GOP plan, according to an initial analysis by Ernie Tedeschi, a former Obama administration economist.

Washington Post

It’s not that McConnell’s payouts are less than what others like Senator Cory Booker and Maxine Waters have suggested ($2K). The issue is with the provision that would limit the amount for those without federal tax liability. A provision that even caught the White House by surprise. As noted in the Washington Post McConnell’s proposal would prevent approximately 22 million people earning under $40K a year. THe people who need the stimulus the most!!!!

Meanwhile McConnell’s proposal would take care of the wealthy. How many times do the people have to be slapped in the face in favor of big corporations receiving tax breaks?

Action is needed, but we need the right action to happen!

As always…

there is something to be said, “It’s On Broadway” to step up and say it!!

Derek Jeter Does Not Deserve a Unanimous Vote into the Baseball Hall of Fame

Full disclosure, I hate the Yankees!

This week Derek Jeter was voted into the Baseball Hall of Fame along with Larry Walker. Jeter fell 1 vote short of receiving a unanimous vote into the hall, and this had Yankee fans run to social media talking about how “we” need to find this writer who dared to vote against Jeter.

Larry Walker and Derek Jeter

And to be fair it wasn’t only Yankee fans, but it’s always more fun to point them out HAHAHA!

Now, if you are honest and you put your Yankee/NY bias aside for a moment. You will realize that Jeter receiving 99.7% of the vote is a great accomplishment, and all of this complaining about 1 vote is really stupid.

Let’s start with some facts:

  1. In his 20-year career, Derek Jeter was never the best player in baseball. Without a doubt a top 5 and top 10 player in baseball but never dominated the sport like say Mike Trout
  2. Derek Jeter was never a MVP, he finished top 3 in voting 3x

So when you look at the only player to be voted in to the Baseball Hall of Fame unanimously, Mariano Rivera stands out from Derek Jeter. Rivera without a doubt is the greatest reliever/closer of all-time; he’s the G.O.A.T (Greatest Of All Time). Mariano dominated baseball, and there was no question he was the best closer in the game. Derek Jeter never reached that level, and that’s ok, it doesn’t take away from what he accomplished.

Here’s something for Yankee fans to think about, Joe DiMaggio, ‘The Yankee Clipper’; was voted the sports greatest living player in 1969. Joltin’ Joe was not a 1st ballot Hall of Famer, in fact it took 3 years for him to be voted into the hall and he only received 88% of the vote.

As always…

there is something to be said, “It’s On Broadway” to step up and say it!!

The Prince Estate Reminds the Trump Campaign to Stop Using the Singer’s Music

In October of 2018, the estate of Prince sent a letter to the Trump campaign requesting that they no longer use any of the deceased singer’s songs at any Trump campaign events and activities. The Trump campaign responded that they acknowledged the request and will no longer use Prince’s music to avoid any “future disputes”.

This request was not unusual as other artist expressed similar displeasure in Trump’s campaign using their music.

Of course this didn’t stop Trump from using Prince’s ‘Purple Rain’ at his recent 2020 campaign event in Minneapolis.

Why ‘Purple Rain’? Well, it’s the campaigns hope that they can change the state from ‘Blue’ (Democrat) to ‘Red’ (Republican) for his re-election bid. It’s their hope that Minnesota is up for grabs which would make it a ‘Purple’ state.

This didn’t go over well with The Prince Estate, and they let it be known

Prince believed in owning his music, and fought hard to make that happen, just for situations like this. So far there has been no response from the Trump campaign, but they better not play with the estate. The last thing want is to have Prince’s ghost haunting them.

As always…

If there is something to be said, “It’s On Broadway” to step up and say it!!

Happy Bornday Carmelo Anthony!!!

Happy Bornday Melo!

Those who know me, know I have definitely caped for Melo over the years. He’s a Cuse guy who brought a National Championship to Syracuse, and he took on the challenge of trying to bring a NBA chip back to NYC.

Even though he fell way short in NYC, I still appreciate he wanted the challenge. I can only hope he will now get another shot to end his career on a higher note than where it is now.

Marc Lamont Hill Talks About His Remarks On Palestine

Marc Lamont Hill was fired by CNN for what was deemed to be hate speech in his speech to the United Nations concerning Palestine. Since the speech, the people calling Hill anti-Sematic have pointed to one line at the end of the speech.

Hill called for a “free Palestine from the river to the sea,” repeating a phrase — “from the river to the sea” — that has been used by terror groups intent on the destruction of Israel.

From Washington Post

Hill has disputed this claim, stating that earlier in the speech he talked about going back to the 1967 borders before the Six-Day War. 

Hill apologized for how his words have been received, but still stands by his overall view of Palestinians living in occupied situation.

The backlash from Hill’s speech is good example of people being outraged over something they don’t even fully understand. Not many people have listened to Hill’s speech, instead they have locked into one phrase.

We live in a society where it’s a race to see who can voice their outrage first. There’s no longer room for differing views, and constructive conversation. Now it’s all about who yells the loudest, and who’s comment can go viral or get the most retweets.

As a fan of Hill, I hope some network or some form of media picks him up. His commentary is important in this day and age.

Here’s Hill on the The Breakfast Club talking about his speech and being fired from CNN

 

As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!

 

Yankee Fans Relax, You Still Have a Good Team

Yes, last night was a disappointing moment for New York Yankee fans. With the acquisition of Giancarlo Stanton, Yankee fans had dreams of Stanton and Aaron Judge hitting 100 homers combined in a season. 

But unlike the great Yankee teams led by Derek Jeter, the 2018 Yanks lacked strong pitching and a lineup of hitters that worked counts and frustrated pitchers. Still, the Yankees are still in good position to compete for an number of years. They have a number of young talented players ready to step up, while older players like C.C. Sabathia and Brett Gardner have probably seen their last days in pinstripes.

Players like Gleyber Torres and Miguel Andujar (soon to be AL Rookie of the Year) have already produced at the major league level, with Chance Adams (P), Domingo Acevedo (P), and Clint Frazier (hopefully can get past concussion issues) seemingly ready to contribute at the next level.

24-hours have not even passed, and fans are already pining for Joe Girardi, talking about signing Manny Machado and Bryce Harper… STOP IT!!!!

View this post on Instagram

#Yankees fans overreacting this morning 😂😂

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So Yankee fans, as my guy N.O.R.E. would say, “You Gotta RELAX!”

Of course, what do I know… I’m just a Mets fan that hates the Yankees 



As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!